4//SEC Filing
Brown David D 4
Accession 0001415889-25-014828
CIK 0000859070other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 3:43 PM ET
Size
19.8 KB
Accession
0001415889-25-014828
Insider Transaction Report
Form 4
Brown David D
Chief Financial Officer
Transactions
- Exercise/Conversion
COMMON STOCK
2025-05-27+2,727→ 15,403 total - Disposition to Issuer
COMMON STOCK
2025-05-27$37.71/sh−2,727$102,835→ 12,676 total - Exercise/Conversion
RESTRICTED STOCK UNITS
2025-05-27−2,727→ 0 total→ COMMON STOCK (2,727 underlying) - Award
RESTRICTED STOCK UNIT
2025-05-28+2,332→ 2,332 total→ COMMON STOCK (2,332 underlying)
Holdings
- 1,650(indirect: By IRA)
COMMON STOCK
- 9,914(indirect: By 401(k))
PHANTOM STOCK
→ COMMON STOCK (9,914 underlying) - 3,132
RESTRICTED STOCK UNITS
→ COMMON STOCK (3,132 underlying) - 2,427
RESTRICTED STOCK UNITS
→ COMMON STOCK (2,427 underlying) - 4,789(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
- 4,455
STOCK OPTION
Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (4,455 underlying)
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 24, 2025 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2025 and the continued employment of the reporting person.
- [F2]The reporting person settled these shares in cash upon vesting.
- [F3]Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
- [F4]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of employment.
- [F5]Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 23, 2026 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2026 and the continued employment of the reporting person.
- [F6]Stock options vest in three equal installments over three years beginning with 03/31/2022.
- [F7]Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
- [F8]Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.
Documents
Issuer
FIRST COMMUNITY BANKSHARES INC /VA/
CIK 0000859070
Entity typeother
Related Parties
1- filerCIK 0001361953
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 3:43 PM ET
- Size
- 19.8 KB